Join the Next Round of SR&ED Consultations

The second round of consultations for the Scientific Research & Experimental Development (SR&ED) Tax Incentive Program is now open. With $600 million in funding recently promised in the federal budget to enhance the SR&ED program from 2025-2029, these consultations will guide the delivery of the funding.

The consultation will focus on key questions raised surrounding the potential expansion of eligibility to include public corporations; the possible transformation of the non-refundable general credit into a refundable credit; and the potential expansion of the SR&ED definition to incorporate some commercialization activities.

To inform improvements of the program, feedback is wanted in understanding challenges that public SMEs face in accessing financing; how refundable credits impact investment decisions; which activities could be added to broaden the existing scope of SR&ED; how the program can better support R&D in the digital age; how the program can support intellectual property protection; and more.  

Learn more about the consultation here and provide your feedback by May 27, 2024.

NorthBridge Consultants’ Canadian Business Blog is dedicated to bringing businesses news and information to help them identify and access the most appropriate government funding programs.

We offer opinions and insider information that can provide a pulse on government initiatives, the health of the Canadian economy, and firsthand thoughts from Canadian business owners.

Related Posts

9 Fintech Startups Advancing Finance Management

Funding & Resources to Offset Tariff Impacts – What You Need to Know

Popular Programs: